Monthly Archives: August 2012

SEC Obtains Final Judgment Requiring Jeffrey Mowen to Pay More Than $18 Million

SEC v. Jeffrey L. Mowen, et al., Case No. 2:09-cv-00786-DB/PMW (D. Utah).  On August 27, the SEC announced it obtained a final judgment against Jeffrey L. Mowen, ordering Mowen to disgorge $8,041,779 and $1,964,203.67 in prejudgment interest.  The Court also … Continue reading

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SEC Charges Eric Martin With Insider Trading

SEC v. Eric Martin, Defendant and Robin Martin, Relief Defendant, Case No. 1:12-CV-02922-AT (N.D. Ga.).  On August 23, 2012, the SEC charged Eric Martin with insider trading.  Martin served as the Vice President of Investor Relations for Carter’s Inc.  He … Continue reading

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SEC Charges Edward Bronson And His Firm In Penny Stock Scheme

Securities and Exchange Commission v. Edward Bronson, et al., Case No. 12-CV-6421 (S.D.N.Y.).  On August 22, the SEC charged Edward Bronson and his company, E-Lionheart Associates LLC, in a penny stock scheme.  Bronson and E-Lionheart employees would makes cold calls … Continue reading

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SEC Files Action Against Paul Burks and ZeekRewards.com to Halt $600 Million Ponzi Scheme

SEC v. Rex Venture Group LLC et al., Case No. 3:12-CV-519 (W.D. N. Carolina).  It seems as though we are reading about a new Ponzi scheme almost every day.  On August 22, the SEC announced it filed a settled action … Continue reading

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SEC Files Settled Insider Trading Case Against James Lieberman

SEC v. James L. Lieberman, Civil Action No. 1:12-cv-02198 (D. Colo.).  The SEC is continuing its focus on insider trading, announcing on August 21 that it filed insider trading charges against James L. Lieberman.  Lieberman traded Array BioPharma Inc. stock based … Continue reading

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SEC Charges Ricardo Rojas in $7 Million Ponzi Scheme Targeting Evangelical Christians

SEC v. Ricardo Bonilla Rojas and Shadai Yire, Inc., Case No. 12-cv-1681 (D.P.R.).  On August 21, the SEC announced fraud charges against Ricardo Rojas and his firm Shadai Yire.  Rojas and his sales agents solicited investors claiming the investments were a risk-free … Continue reading

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SEC Charges College Football Hall of Fame Coach James M. Donnan, III, and Gregory L. Crabtree in $80 Million Ponzi Scheme

Securities and Exchange Commission v. James M. Donnan, III, et al., Case No. 1:12-CV-02831-ODE (N.D. Ga.).  On August 17, 2012, the SEC announced fraud charges against College Football Hall of Fame coach and ESPN sports commentator James Donnan and Gregory … Continue reading

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SEC Charges Yossef Kahlon For Unregistered Stock Sales of $7.7 Million

Securities and Exchange Commission v. Yossef Kahlon, et al., Civil Action No. 4:12-CV-517 (E.D. Tex.)   On August 17, 2012, the SEC announced charges against Jossef Kahlon, a/k/a/ Yossef Kahlon and TJ Management Group, LLC (“TJM”) for selling the stock of … Continue reading

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Is Private Equity Ready For Dodd-Frank?

Today’s Wall Street Journal has an interesting article that takes a look at whether Private Equity is ready for the SEC examinations that are sure to come.  While many PE firms have hired compliance experts, I agree that only have few of these … Continue reading

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SEC Charges Former Professional Baseball Player Eddie Murray And Others With Insider Trading

Securities and Exchange Commission v. James V. Mazzo, David L. Parker and Eddie C. Murray, Case No. SACV-121327JST-(JPRX) (C.D. Cal. Aug. 17, 2011).  A little more than a year ago, the SEC charged former professional baseball player Doug DeCinces and … Continue reading

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